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Louisiana Business: Costco and New Orleans, LPO, Fidelity, Coventry
  // Thursday, 17 May 2012 09:17 //

louisianaFidelity Announces Concerts in the Park: Swing in the Park with the Louisiana Philharmonic Orchestra 

Louisiana Philharmonic Orchestra (LPO) with David Torns, conductor  and Fidelity’s Bank have announced that on  Wednesday, May 23, 6:00-8:30 p.m. (rain date:Thursday, May 24, 6:00 p.m.)  there will be music at Lafreniere Park under the gazebo on the center island of the Park.

The concert will feature traditional classic and modern favorites that will please any and all generations of listeners. Some selections to include: Overture to Light Cavalry, Suite fromCarmen, Selections from Phantom of the Opera, Strike Up the Band, MuppetMedley, Traditional New Orleans Medley, Big Band Fantasy, Irving Berlin - ASymphonic Portrait, and Stars and Stripes Forever.

Landrieu and Costco

Mayor Mitch Landrieu and the New Orleans Business Alliance announced that national retail giant Costco Wholesale Corporation (Costco) has chosen New Orleans as its newest location.   Costco has agreed to build a brand new, 148,000 square foot warehouse at the 14.7-acre site formerly occupied by the Carrollton Shopping Center. The project will create approximately 200 full and part-time jobs, utilize 120 prevailing-wage local construction positions and result in a capital investment of over $40 million. The warehouse is expected to open in 2013.  Before deciding on New Orleans, Costco performed extensive due diligence on design, site requirements and costs. Further, Costco engaged with neighborhood residents and solicited feedback from the community that was incorporated into plans.

New Orleans Business Alliance analysis determined that the new tax revenue generated by the warehouse can more than offset the investment by the City. Based on expected sales projections, the City expects to receive a net significant increase in sales tax revenue, even during the proposed 5-year reimbursement period.

Coventry Best

-A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb-” and all debt ratings of Coventry Health Care, Inc. (Coventry) (Delaware) (NYSE: CVH).

At the same time, A.M. Best has upgraded the financial strength rating (FSR) to A- (Excellent) from B++ (Good) and the ICRs to “a-” from “bbb+” for Coventry Health Care of Iowa, Inc. (Omaha, NE) and Coventry Health Care of Illinois, Inc. (Champaign, IL) (f/k/a PersonalCare Insurance of Illinois, Inc.). A.M. Best also has upgraded the FSR to A- (Excellent) from B++ (Good) and the ICR to “a-” from “bbb” for Coventry Health Care of Kansas, Inc. (Kansas City, MO) and upgraded the FSR to A- (Excellent) from B+ (Good) and the ICRs to “a-” from “bbb-” for Coventry Health Care of Louisiana, Inc. (Metairie, LA) and Coventry Health Care of Delaware, Inc. (Newark, DE). The rating upgrades reflect each company’s strategic importance to the Coventry brand, as well as the geographic and earnings diversification in each company’s respective markets.

Additionally, A.M. Best has upgraded the ICR to “bbb+” from “bbb” and affirmed the FSR of B++ (Good) of HealthCare USA of Missouri, LLC (St. Louis, MO), due to its improved operating performance and enrollment growth. Concurrently, A.M. Best has upgraded the FSR to B++ (Good) from B+ (Good) and the ICR to “bbb” from “bbb-” for OmniCare Health Plan, Inc. (Detroit, MI) based on its favorable underwriting trend and the adequate capitalization for its ratings.

A.M. Best also has upgraded the FSR to B+ (Good) from B (Fair) and the ICRs to “bbb-” from “bb+” for Coventry Health Care of Florida, Inc. , Coventry Health Plan of Florida, Inc.and Coventry Summit Health Plan, Inc. (all domiciled in Sunrise, FL). The revised ratings for each company are attributed to the strategic importance of each to the Coventry brand in Florida by adding geographical and earnings diversification as a health insurance carrier. The outlook for all ratings is stable. (See link below for a detailed listing of the companies and ratings.)

Costco Wholesale Corporation operates an international chain of Costco membership warehouses.  The company has more than 65 million Costco cardholders and 159,680 employees worldwide.

Salazar

Today the Obama Administration provided final details for the Central Gulf of Mexico lease sale announced by President Obama in January 2012, as part of his administration’s ongoing focus on expanding safe and responsible production of our domestic energy sources. Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced the Final Notice of Sale for a June 20, 2012 lease sale that will make available all unleased areas in the Central Gulf of Mexico Planning Area, offshore Louisiana, Mississippi and Alabama, including 7,276 blocks on about 38.6 million acres.  The sale will take place at the Mercedes-Benz Superdome in New Orleans. BOEM estimates the sale could result in the production of over 1 billion barrels of oil and more than 4 trillion cubic feet of natural gas.  As part of the Obama administration’s all of the above energy strategy, we continue to make millions of acres of federal waters and public lands available for safe and responsible domestic energy exploration and development,” said Secretary of the Interior Ken Salazar. “Holding this lease sale is one of the many administrative steps  we are taking, at the President’s direction, to increase U.S. production, reduce dependence on foreign oil, and incentivize early production on leases that industry holds.”  The Final Notice of Sale information package is available at: http://www.boem.gov/sale-216-222/. Copies can also be requested from the Gulf of Mexico Region’s Public Information Office at 1201 Elmwood Park Boulevard, New Orleans, LA 70123, or at 800-200-GULF (4853).  The Final Notice of Sale and the Notice of Availability of a Record of Decision on a Final Supplemental Environmental Impact Statement for Lease Sale 216/222 are available today in the Federal Register at: http://www.archives.gov/federal-register/public-inspection/index.html.

Jefferson Parish Code Enforcement

The Jefferson Parish Department of Inspection and Code Enforcement conducted a sweep in Council District 1 on May 16, 2012.  Included in the sweep were portions of Terrytown neighborhoods, including Stumpf Boulevard from Terry Parkway to Holmes Boulevard.   Code Enforcement issued 11 violations to properties for various infractions, including high grass, trash, and inoperable vehicles.  Two vehicles were tagged for removal.  All violations issued by Code Enforcement can be tracked online by visitingwww.jeffparish.net.

Dog Gone
Each year, dogs bite 4.7 million people in this country, and children are the most common victims.  National Dog Bite Prevention Week occurs between May 13-19, and Central Bark Doggy Day Care will be doing its part to educate and promote safety among children throughout our community.

Central Bark Doggy Day Care will visit St. Michael Special School with its mascot, Barkley to educate children on the two types of encounters they will have with dogs: A dog on a leash with an owner or an unknown dog off of a leash.  Children will be educated on how to act in these situations with the help of handouts, informational coloring books and an interactive presentation.

This presentation will take place on Friday, May 18th at 10:30am. St Michael Special School is located at 1522 Chippewa Street, New Orleans, LA 70130.  Bite Prevention Week is May 13 – May 19.   Central Bark Doggy Day Care is a company that provides personalized pet care in an environment that is clean, safe and fun as an alternative to kennel boarding and lonely days at home.  Services include doggy day care, dog grooming, dog training and dog boarding. For additional information about Central Bark Doggy Day Care visitwww.centralbarkusa.com


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